Anne Frank’s life of hope and kindness is renewed every spring in our perennial production for schools that has touched the lives of more than 300,000 students!
Plan your Park Square legacy today to leave heirlooms for future generations.
Stories were heirlooms in these parts.” ― Robert Kurson
I may not be able to leave behind wealth or splendor, but I will try to leave behind examples and stories of my love and kindness to inspire you to be kind and spread the message of kindness.” ― Debasish Mridha
Legacy Giving Options
Including Park Square in your will is an easy way to make a generous gift to secure the future of the theatre you love.
In your will you have choices about how you name Park Square as a beneficiary.
- You may wish to leave a fixed dollar amount to Park Square. You will need to specify exactly how much you would like the theatre to receive.
- Another popular option is to give Park Square a percentage of your estate. This makes sense if you don’t have a clear idea of how much your estate will be worth at your death.
How to …
Tell Your Attorney
Below is suggested language that you might use in your will to designate Park Square as a beneficiary.
I give devise to Park Square Theatre Company, a not-for-profit corporation of the State of Minnesota, ____ percent of my estate (or the residue or the sum of $_____; or the properties, securities, etc. described herein) to be used for its unrestricted purposes, or for its endowment.
If You Already Have a Will
It is very easy to add a codicil to your will, which designates Park Square as one of your beneficiaries.
Full Legal Name: Park Square Theatre Company
Federal Tax I.D. Number: 41-1280683
Please let us know if you have included Park Square in your plans so that we may thank you!
Gifts of Retirement Plan Assets
Donating part or all of your unused retirement assets such as a gift from your IRA (IRA charitable Rollover), 401(k), 403(b), pension or other tax-deferred plan is an excellent way to make a gift.
Benefits of giving retirement assets:
- Avoid potential estate tax on retirement assets
- Your heirs avoid income tax on any retirement assets funded on pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
To leave your retirement assets to Park Square, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Park Square as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
IRA Distribution Gifts
Gifts of IRA distributions are increasingly popular way to make gifts tax-free.
At age 70 ½, IRA owners are required by law to take mandatory minimum distributions. The passage of permanent IRA Charitable Rollover legislation has enabled donors to plan each year in advance.
Transfer your gift to Park Square directly from the IRA or write a check from the IRA up to a $100,000 limit.
Charitable Gift Annuity
A gift of your life insurance is an excellent way to make a gift to Park Square.
If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy.
Contact your insurance provider, request a beneficiary designation form and include PARK SQUARE as the beneficiary of your policy.
Charitable Remainder Annuity Trust
A Charitable Remainder Annuity Trust (Annuity Trust) is a gift plan defined by federal tax law that allows you to provide income to yourself or others while making a generous gift to assure Park Square’s future impact.
The income may continue for the lifetimes of the beneficiaries you name, a fixed term of not more than 20 years, or a combination of the two.
Charitable Lead Trusts
A Non-Grantor Charitable Lead Annuity Trust (Lead Annuity Trust) is a gift plan defined by federal tax law that allows you to transfer assets to family members at reduced tax cost while making a generous gift to assure Park Square’s future impact.
To learn more about legacy giving options and how your legacy gifts can help Park Square Theatre, please contact Mackenzie Pitterle at pitterle@Parksquaretheatre.org.
The Park Square Theatre Founders Society recognizes donors who have included the theatre in their will or other estate plans.
Members enjoy recognition in playbills and on the website, along with glimpses behind the scenes and exclusive opportunities to meet Park Square artists. An annual lunch with the Artistic Director keeps you in the know about upcoming programs and the strategic vision for Park Square’s future.